An explanation of the difference between NEO (ANS) & GAS (ANC)

NEO (ANS)

A share of the company. These shares (NEO) , represent part ownership of the NEO blockchain.There are 100 million in total.NEO derives value from granting voting rights over major issues concerning the protocol of the NEO blockchain , electing bookkeepers , and generating GAS (the form of payment for using the NEO blockchain ).Furthermore , NEO holders collect dividend paid in GAS , taken from the fees users pay to operate within the NEO smart economy. The generation of GAS from owning NEO will slowly decrease every year until 2038 , when the total of 100 million GAS would have been produced.

GAS (ANC)

The fuel that powers the NEO smart economy. When a user undertakes a task on the NEO platform, to write data to the NEO blockchain, they must pay a systematic fee in GAS. These fees are paid to the bookkeepers as an accounting fee, and as an extra service charge collected by NEO share holders. They are also used as collateral for bookkeeper nominee deposits.

neo_official.jpg

Sort:  

I just follow you cause your posts seems to be informative post you can find similar crypto news on my steemit that might be productive for you too...
https://steemit.com/@snofkin

@ snofkin thank you and i will do the same to learn from your posts too and together we help each other on community...